CEO Éva Palócz of economic think-tank Kopint-Tárki said at a press conference that exports were the principal motor of revenue growth among companies in Hungary that registered increasing turnover during the period 2003-2007.

Palócz remarked that Kopint-Tárki's survey of 63,000 companies in Hungary showed that 47.6% of the companies generated an increase in turnover in 2003-2007, while 47.8% of them sustained a decline in turnover during the period.

The Kopint-Tárki CEO noted that 4.5% of the companies surveyed recorded a more than tenfold increase in turnover in 2003-2007, adding that most of these companies were SMEs.

Regardless of company size, all companies that achieved more than average or exceptional growth relied on exports, Palócz pointed out. (MTI-Econews)

Related articles

The surplus in the external trade in goods amounted to EUR 496 million in November 2018, with exports increasing by 4.7% and imports rising by 7.3% in the month in euro terms, compared to the same month of 2017, shows a first reading of data released by the Central Statistical Office (KSH) on Wednesday.

In October 2018, export volume was up 6.4% and imports 7.4% higher compared to the same month of 2017, according to a second estimate of data for the external trade in goods from the Central Statistical Office (KSH). In January–October 2018, the external goods trade surplus totaled nearly EUR 5.2 billion.

Economic research institute GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence, rose 1.1 points to 8.6 in December, climbing for the third month in a row, state news wire MTI reported.

Hungary had a EUR 293 million trade surplus in October, narrowing by EUR 232 mln from the same month a year earlier, the Central Statistical Office (KSH) said in a first reading of data on Friday. In euro terms, exports increased by 6.5% and imports grew by 9.7% year-on-year in October 2018.

Economic research institute GKI has raised its projection for this yearʼs GDP growth to 4.5%, up from 4.2% in an earlier forecast. Hungaryʼs GDP was up 4.7% year-on-year in Q1-Q3 2018, according to preliminary data released by the Central Statistical Office (KSH) in November.

Economic research institute GKIʼs Economic Sentiment Index, a combined gauge of consumer and business confidence, improved by 0.3 of a point to 7.5 in November, rising for the second month in a row, Hungarian news agency MTI reported.

The Organisation for Economic Co-operation and Development (OECD) has raised its GDP growth forecasts for Hungary in the November edition of its Economic Outlook report released on Wednesday, Hungarian news agency MTI reported.

U.S. Secretary of Energy Rick Perry will visit Hungary this week on a tour of Eastern Europe that also includes Ukraine, Poland and the Czech Republic, as the Trump administration seeks to offer alternatives to buying coal and gas from Russia, according to energy.gov, the website of the U.S. Department of Energy.

In August 2018, Hungaryʼs export volume rose by 0.5% and import volume by 3.9% compared to August 2017. The surplus was EUR 31 million, some EUR 401 mln less year-on-year, according to a second, revised estimate of data for the external trade in goods in August.

Data from Eurostat, the EUʼs statistics office, indicate that exports between Hungary and Turkey increased by 13.8% from 2016 to 2017, and total trade volume by 19% in the last three years, while exports between Hungary and Greece increased 9.57%, and total trade volume by 10.11% during the same period.